Which itr ??

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ACCOUNTS MANAGER
2213 Points Posted on 22 March 2022

Should I file ITR 3 for Individuals having business income as well as Salary Income ??

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On 22 March 2022 at 14:02 Report
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Quick Summary
This discussion addresses the question of which Income Tax Return (ITR) to file when an individual has both business income and salary income. It suggests that if the business is eligible for presumptive taxation under Section 44AD, then ITR-4 is the appropriate form. Otherwise, for individuals with business income and salary income, ITR-3 is recommended as the best suited option.

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141 Points Posted on 22 March 2022
Turnover and total income for p.y ?
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On 22 March 2022 at 16:30
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ACCOUNTS MANAGER
2213 Points Posted on 22 March 2022

Turnover is around 4 Lac & Salary 2.5 Lac ....... but after deducting all expenses his income is around 3.70 Lac

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On 22 March 2022 at 16:37
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141 Points Posted on 22 March 2022
Itr 4
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On 22 March 2022 at 17:08
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CFO- at NHTF
58280 Points Posted on 22 March 2022
If it is eligible business for 44AD then got for ITR-4

Else try with ITR-3
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On 22 March 2022 at 19:20
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Profession Business
28246 Points Posted on 23 March 2022
Itr 3 will be best suited.
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On 23 March 2022 at 08:02

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